[ANN] Blacknet BLN | Staking | Future of zApp & ZeFi

[k-meister]

The same person or group has been dumping at just under 9k for 15 hours now! They stopped for an hour a couple of times. That is one hell of a lot of blackcoins.

[publicjud]

The same person or group has been dumping at just under 9k for 15 hours now! They stopped for an hour a couple of times. That is one hell of a lot of blackcoins.

How would you know that it is the same person?

[regnevacs]

Why wouldn't people rather buy BC directly than pay to rent miners?

it's a dual purpose.. instead of buying directly, renting a rig gives support/boost on the hashing power of multipool, this makes a eyecatching to the investors.. also the BC you are receiving increases your the value from time to time. it means that the BC will not go down!

[svojoe]

Can someone, anyone please push us up to 9990 sats, so I can spend everything I have pushing us over 10k?!

[machinez]

Why wouldn't people rather buy BC directly than pay to rent miners?

it's a dual purpose.. instead of buying directly, renting a rig gives support/boost on the hashing power of multipool, this makes a eyecatching to the investors.. also the BC you are receiving increases your the value from time to time. it means that the BC will not go down!

you may get more by buying BC directly, but it may not last, because if everyone's doing the same thing as you do, there would be no need for multipool. Overtime, people will lose interests, and start selling off their coins, thus driving the value of BC down = everybody loose.

By mining with the pool, you help BC grow, by spreading the words out through out the crypto communities. If more people find out that it's more profitable to mine at BC multipool then more will sign up, thus drive the buy demand for BC up, which in turn will drive the value of each BC.

[blade87]

A call to early investors

Please read to whom it may concern.

[svojoe]

For early investors,  what do we need to fund the most?  a Android wallet?  Or push to get BC accepted by merchant payment gateways?

[blade87]

For early investors,  what do we need to fund the most?  a Android wallet?  Or push to get BC accepted by merchant payment gateways?

No rushes. We're in a good position right now with current developments and the state of the community.

I personally would be interesting in funding the following
1) Android wallet
2) Wallets with 2FA authorization option

I'm not really interested in merchants right now because BC is still very young, and merchants will come to us after BC continuously makes crypto headlines. But others can feel free to fund that if they wish. The BC Foundation is already doing a lot, but without a premine, they need help. And that's where we come in and really help out and help double up the amount the BC community can produce (and what's already doing is nothing short of amazing).

[btcprice]

Lol check coinmarketcap and see all the coins above blackcoin.
Blackcoin will hit a dollar their is no doubt about that. Anyone disagrees?

Check nmc's history and ppc history. And add to that that Bitcoin and Litecoin are on a downward spiral but they will go back up. When they go back up ppc goes back up. And when that goes up.. Black coin will go up way more..

Both PPC and NMC had enormous amount of investment at the end of November along with a few other coins including QRK. Was it a benevolent benefactor to get people interested in alt coins like maybe the Winkelvoss twins?

There is not another coin, with the exception of DOGE, that has had this wild success. BlackCoin would require the same sort of support and exposure that DOGE had in order to get to $1.00. I've seen other coins such as MAX have some support but lagged later on and didn't even get close to $1.00.

It all depends on the BC community and the support we get in order for this coin to be $1.00. I hope it does. I will retire if it reaches that level.

Big difference between BC and those coins. Each of those coins a huge mount of newly mined coins are dumped onto the market that the buy orders have to support. This constantly puts downward pressure on prices.

Hundreds of thousands of dollars of newly mined litecoins are made every day and a good amount of those get dumped. Blackcoin doesn't have to worry about that.

It's this very same reason why NXT was able to jump in price so quickly with minimal buzz or exposure in the wider media. So long as there is demand and a community, a solid POS with a good dev and prospects is golden.

I understand the lack of downward price pressure because of newly minted coins. However, all the coins I mentioned had huge investment at the end of November causing the price to skyrocket. The newly minted coins would have had minimal effect on those prices which all happened at the same time.

You make a good point about NXT. That coin skyrocketed right around Christmas Day which was different than the rest of the coins that had large investment. It makes me wonder what went on with NXT that caused that large investment all at once. Maybe we can have a time like that for BC and then the price can stay up because of the lack of downward pressure from mining.

[JordanBTC]

I'm sure this may have been answered somewhere but I am having trouble finding it... How does BlackCoin POS work?  Is BlackCoin just a clone of Peercoin or is it written from scratch?

[Omnivion]

Is the blackcoin payout from the multipool once per day (at what time?) or is it spread a few times throughout?

[noerc]

I'm sure this may have been answered somewhere but I am having trouble finding it... How does BlackCoin POS work?  Is BlackCoin just a clone of Peercoin or is it written from scratch?

From what I understand it is a NovaCoin fork which acts as pure PoS coin. See http://www.blackcoin.co/faq/ how this works.

[glennbuck]

I'm sure this may have been answered somewhere but I am having trouble finding it... How does BlackCoin POS work?  Is BlackCoin just a clone of Peercoin or is it written from scratch?

As he or she has never wrote a post before on bitcointalk,i assume it is another FUD post,to imply that Blackcoin has no innovation as it is a copy of peercoin lol,i wish people would research the coins rather than ask lazy questions in the forums because they can not be bothered to look themselves,because they write as if they have an understanding of peercoin so would be able to understand what blackcoin is about without asking a silly question.

[StolenCoinSalesman]

Lol check coinmarketcap and see all the coins above blackcoin.
Blackcoin will hit a dollar their is no doubt about that. Anyone disagrees?

Check nmc's history and ppc history. And add to that that Bitcoin and Litecoin are on a downward spiral but they will go back up. When they go back up ppc goes back up. And when that goes up.. Black coin will go up way more..

Both PPC and NMC had enormous amount of investment at the end of November along with a few other coins including QRK. Was it a benevolent benefactor to get people interested in alt coins like maybe the Winkelvoss twins?

There is not another coin, with the exception of DOGE, that has had this wild success. BlackCoin would require the same sort of support and exposure that DOGE had in order to get to $1.00. I've seen other coins such as MAX have some support but lagged later on and didn't even get close to $1.00.

It all depends on the BC community and the support we get in order for this coin to be $1.00. I hope it does. I will retire if it reaches that level.

Im seeing faircoin in the same boat as blackcoin was about a month ago.Its only 50 mill coins and all pos. It was distributer to 49500 wallets evenly so no one was able to mine it. Price is low for it atm, and it might just skyrocket as well.
Big difference between BC and those coins. Each of those coins a huge mount of newly mined coins are dumped onto the market that the buy orders have to support. This constantly puts downward pressure on prices.

Hundreds of thousands of dollars of newly mined litecoins are made every day and a good amount of those get dumped. Blackcoin doesn't have to worry about that.

It's this very same reason why NXT was able to jump in price so quickly with minimal buzz or exposure in the wider media. So long as there is demand and a community, a solid POS with a good dev and prospects is golden.

I understand the lack of downward price pressure because of newly minted coins. However, all the coins I mentioned had huge investment at the end of November causing the price to skyrocket. The newly minted coins would have had minimal effect on those prices which all happened at the same time.

You make a good point about NXT. That coin skyrocketed right around Christmas Day which was different than the rest of the coins that had large investment. It makes me wonder what went on with NXT that caused that large investment all at once. Maybe we can have a time like that for BC and then the price can stay up because of the lack of downward pressure from mining.

I see faircoin in the same boat as blackcoin was a month ago. Its only 50 mill coins which were distributed evenly to 49500 wallets. It cant be mined and is pure pos. The price is low right now and could skyrocket like bc.

[bitcoin carpenter]

If black coin can maintain its volume it should be worth about 10 more than it is right now... we have the 4th highest volume and should have a market cap of between 25 and 65 million right now

[k-meister]

The same person or group has been dumping at just under 9k for 15 hours now! They stopped for an hour a couple of times. That is one hell of a lot of blackcoins.

How would you know that it is the same person?

I've watched this and interacted with it for about 14 hours, the shape of much of the graph has been affected by my interaction with the dumper (I did about 10% of todays bc volume on mintpal).

1) When it takes a break, it stops suddenly in an on/off way. All sell orders will stop at the same time and the market recovers. Then a while later it suddenly switches back on. Clearly 1 person is commanding it.
2)  I've seen what I think is the same person before on other coins. They choose a target number and reaching that number is always in near sight but impossible. Every time you buy another sell order pops up a few seconds later (its done by bot, probably browser extension). After a while the number will drift slowly down over time, but if more than one person/team was dumping it then it could not possibly be this uniform and controlled.
3) The sell list order amounts will all randomly flick up and down, there's no way multiple sellers just happen to all be changing their sell amounts so often.

[SackofBits]

The same person or group has been dumping at just under 9k for 15 hours now! They stopped for an hour a couple of times. That is one hell of a lot of blackcoins.

How would you know that it is the same person?

I've watched this and interacted with it for about 14 hours, the shape of much of the graph has been affected by my interaction with the dumper (I did about 10% of todays bc volume on mintpal).

1) When it takes a break, it stops suddenly in an on/off way. All sell orders will stop at the same time and the market recovers. Then a while later it suddenly switches back on. Clearly 1 person is commanding it.
2)  I've seen what I think is the same person before on other coins. They choose a target number and reaching that number is always in near sight but impossible. Every time you buy another sell order pops up a few seconds later (its done by bot, probably browser extension). After a while the number will drift slowly down over time, but if more than one person/team was dumping it then it could not possibly be this uniform and controlled.
3) The sell list order amounts will all randomly flick up and down, there's no way multiple sellers just happen to all be changing their sell amounts so often.

yes exactly what I mentioned some pages back.. the prices are being controlled.

[CatKiwi]

The same person or group has been dumping at just under 9k for 15 hours now! They stopped for an hour a couple of times. That is one hell of a lot of blackcoins.

How would you know that it is the same person?

I've watched this and interacted with it for about 14 hours, the shape of much of the graph has been affected by my interaction with the dumper (I did about 10% of todays bc volume on mintpal).

1) When it takes a break, it stops suddenly in an on/off way. All sell orders will stop at the same time and the market recovers. Then a while later it suddenly switches back on. Clearly 1 person is commanding it.
2)  I've seen what I think is the same person before on other coins. They choose a target number and reaching that number is always in near sight but impossible. Every time you buy another sell order pops up a few seconds later (its done by bot, probably browser extension). After a while the number will drift slowly down over time, but if more than one person/team was dumping it then it could not possibly be this uniform and controlled.
3) The sell list order amounts will all randomly flick up and down, there's no way multiple sellers just happen to all be changing their sell amounts so often.

I agree with you - which is why I bought over 5 BTC more while the price is being manipulated to prevent it rising If they want to dump at 9000 thats fine with me, Id happily pay over 10,000 as would most people who can see it rising to 20,000 in a couple of weeks (if that!).

The only thing stopping me buying more is the limit on the ammount I can withdraw per day from my Savings account haha!

[bitcoin carpenter]

They can only be controlled for so long.
When new investors show up after seeing the volume of black coin trades there will be a reckonning

[JordanBTC]

I'm sure this may have been answered somewhere but I am having trouble finding it... How does BlackCoin POS work?  Is BlackCoin just a clone of Peercoin or is it written from scratch?

As he or she has never wrote a post before on bitcointalk,i assume it is another FUD post,to imply that Blackcoin has no innovation as it is a copy of peercoin lol,i wish people would research the coins rather than ask lazy questions in the forums because they can not be bothered to look themselves,because they write as if they have an understanding of peercoin so would be able to understand what blackcoin is about without asking a silly question.

Everyone starts out as a newbie.  I tried looking on the FAQ and it didn't say much of anything about the development or where the code came from.  I love the idea of BlackCoin, better than most.  I just prefer coins that have an active dev working on the code and didn't just clone something.